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Pier 1 Imports reports weaker results, increases store closures

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Pier 1 Imports sales continued to slide as the Fort Worth-based home furnishings retailer struggles to reorganize its business. The company said Wednesday that it will close 57 stores this year, up from its previous estimate of 45 stores. Total sales fell 15.5% in the quarter to $314.3 million vs. $371.


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